A virtual world based on blockchain technology

Virtual world? Metaverse? Numerous questions can arise, when we hear these words. We are willing our readers to immerse in the metaverse, find the correlations between the cryptocurrencies, NFTs and virtual world, find out its origins and determine the perspectives.

How did the history of metaverse start? It begins in 1992. .In his 1992 novel Snow Crash, American science fiction author Neal Stephenson established the metaverse. Users in the story utilize the metaverse as a way to escape from a dismal future. In that time the virtual universe was existing only at the paper. Over 30 years, with the broad development of technologies, in 2017 Facebook introduced Metaverse startup “Decentraland”.

What is this? The metaverse, especially Decentraland, is a simulated digital environment that combines augmented reality (AR), virtual reality (VR), blockchain, and social media principles to create areas for rich user interaction that mirror the actual world.

What are the advantages of virtual world? Metaverse is like a social media, but more powerful, integrated and breath-taking. Users have the option of inhabiting an immersive reality in addition to two-dimensional digital worlds. Moreover, the virtual universe creates a new economy in which wealth may be generated, traded, and increased using a currency that is separate from yet connected to real-world currencies. The implementation of the metauniverse also causes the technological development. Content developers and designers should expect new opportunities.

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Sourse: Coindesk, XRToday